Expected Returns of the AI Revolution (plus People are Lying to you About Money w/ Anthony Walsh)

Рет қаралды 6,344

Күн бұрын

AI is not new and financial mis-education is rife. These are two ideas that form the foundation of this episode, which features insights from Ben Felix, Mark McGrath, and guest speaker Anthony Walsh. To start our conversation, we explore the history of artificial intelligence and what it might mean for the future and beyond. During this Mark to Market segment, Mark McGrath shares his experience of owning property and becoming a landlord before we look back on Episode 155 with Don Ezra, where he revealed his thoughts on planning for life after work. Anthony Walsh, author of People Are Lying To You About Money joins us to discuss his efforts to remedy the lack of financial literacy among everyday people, how he approaches financial planning as a risk-averse person, and his move from lean FI to Coast Fi. He also shares his thoughts on the relative value of money, the importance of planning according to financial wellness and health, and more. Join us today to hear all this and so much more!
Timestamps:
0:00:00 Intro
0:04:24 Main Topic
0:26:38 Mark To Market
0:39:36 Main Topic: Part Two
0:29:15 Episode 155: 60 Seconds
0:42:59 Special Guest: Anthony Walsh
1:04:07 Aftershow
Books From Today’s Episode:
Irrational Exuberance - www.amazon.com/Irrational-Exu...
People Are Lying To You About Money - www.amazon.com/People-Are-Lyi...
Bubbles and Crashes - www.amazon.com/Bubbles-Crashe...
Links From Today’s Episode:
Rational Reminder on iTunes - itunes.apple.com/ca/podcast/t....
Rational Reminder Website - rationalreminder.ca/
Shop Merch - shop.rationalreminder.ca/
Join the Community - community.rationalreminder.ca/
Follow us on X - / rationalremind
Follow us on Instagram - @rationalreminder
Benjamin on X - / benjaminwfelix
Cameron on X - / cameronpassmore
Cameron on LinkedIn - / cameronpassmore
Mark McGrath on X - / markmcgrathcfp
Mark McGrath on LinkedIn - / markmcgrathcfp
Anthony Walsh on LinkedIn - / asw383
Episode 155 - rationalreminder.ca/podcast/155
Episode 268 - rationalreminder.ca/podcast/268
Episode 244 - rationalreminder.ca/podcast/244
Reasons to Avoid Index Funds - • Reasons to Avoid Index...

Пікірлер: 36

@Foogle6594 9 ай бұрын

Great guest this week "The goal is not to be rich, it is to be happy", also interesting statistics on mortality showing how important it is to look after our actual health and not just our financial health.

@WisdomOfTheAged 9 ай бұрын

In case you need more suggestions for future episodes, I was listening to some of your earlier podcasts and came across one that was so fun to listen to. Would love to have you do another version like this - explaining factor investing to Ben's mom.

@mere_cat 9 ай бұрын

I have fallen victim to the growth/innovation narrative, maybe not on AI, but definitely with other earlier investments. Once I began to study history and listen to rational discussions like this rather than media hype, I’ve come to understand that growth narratives aren’t particularly good for investors, whether it be in stocks, crypto, or even international investing. Thank you for the thorough and humbling education you’ve given me.

@indiejohnny 9 ай бұрын

Glad to hear Rob will be returning. I really enjoyed the periodic takes on the state of things in Canada from the three of you. Looking forward to next week!

@erranzimmermann1207 9 ай бұрын

This. I actually got excited as well because I found his insights and comments interesting in previous episodes. I also really liked the real estate guy who came on (name escapes me at the moment). Would be nice to have him on again. I recently had thought that it would be a good episode to have both on at the same time to round out the usual 1 hour episode rather than individual episodes.

@KastorFlux 9 ай бұрын

I agree that the deep dives into topics are why I watch. There are a ton of channels that skim the surface and churn out useless content, mostly for nabbing gen pop and getting ad revenue from financial services. I mean sure, that's one way to make money, but I'm not listening to people who tell me the rules of the game are to skip my morning latte and live in a perpetual state of FOMO to "get that bag". I just don't listen to that sort of thing, I listen to things like this. I like reasoning and theory way more than narrative and hype, and you always deliver. 😀

@george6977 9 ай бұрын

👍

@owlegrad 3 ай бұрын

You should thank the algorithm for this view. I bet it was in my recommended feed 30+ times 😅

@emiliosanudoortiz 9 ай бұрын

Clever guys Anthony Walch. I spent a lot of time and money on parties and drinks when I was young and now I have little strength for cycling. Fortunately I think I'll be able to afford an electric bike when I'm old. Greetings from a southern European among the richest 10% of the planet.

@jmc8076 7 ай бұрын

Pls do a podcast on what the last guest touched on: profit from house/condo sales. Most of us just look at buy vs sale price not net of expenses, inflation etc. When we sold our last house we est the net and for us more realistic. I get how that’s calculated is debatable for residential RE but still worth discussing. For investment properties it’s even more important to treat it like a small biz and keep good records. Helps to see (if) it’s still viable. Best to do the numbers before buying esp for rentals for a clear picture of what your committing to.

@bjohns347347 9 ай бұрын

Nice episode. I like it when you discuss current investment trends and events.

@anotherpace 9 ай бұрын

older AI pop culture reference that is relevant to points in this episode (you win by making fewer mistakes) is the episode of st:tng 'Peak Performance' where Data wins a complex board game by not going for the obvious moves but instead aiming for an equilibrium and annoying the other player so much that they default.

@muffemod 9 ай бұрын

Good job yo!

@nunoalexandre6408 9 ай бұрын

Love it!!!!!!!!!!!!

@stonks4days1 9 ай бұрын

Maybe you guys mentioned this elsewhere but where do you keep up to date with financial research or financial research in general? I would like to read those papers and keep up to date like Ben Felix seems to be

@rationalreminder 9 ай бұрын

It’s just a lot of time spent reading stuff. I don’t have a system or anything. I wish I had a better answer for you! -Ben

@stonks4days1 9 ай бұрын

@@rationalreminder no problem thanks for the reply. I got on the factor investing train after watching your videos I like research-based investing and trading. Been in the markets investing, trading and trading options for a few years learning everything I can, especially in options and trading. I do still think there is potential alpha in options as they add an extra variable to returns for better or worse. There is also still value in trading when you stack variables in your favor like pattern or consolidation breakouts above and below a long-term daily moving average on high volume breakout. Of course, this could just be explained by naive exposure to the momentum factor with good risk management but it has worked for a lot of successful traders and I had some positive returns myself. Anyway love what you guys do and keep up the good work! 😉

@Dbskeptic 4 ай бұрын

Thank you!

@thesorrow312 9 ай бұрын

Gas Station Sushi crew checking in ⛽️🍣 Stan Twice.

@in_my_mind7781 8 ай бұрын

Tax Consultant Burger Buddy and Pizza Hunter crew are greeting you from Germany 🍔📚

@produktas 9 ай бұрын

xbox headset. All the interview this was one thing I was thinking :D

@Pokefinance 9 ай бұрын

Best price to quality ratio!

@jmc8076 7 ай бұрын

Easily distracted? 😂

@george6977 9 ай бұрын

Chart at 5:22 is too small to read on my Samsung Galaxy phone.

@carcorr 7 ай бұрын

You can zoom in and out as if it was a photo

@cbqmrbqm8972 9 ай бұрын

Why? Because it‘s rational to earn money claiming the opposite. Ask Cathy.

@sexysexminecraft 9 ай бұрын

Wait a sec, Where's the famous last question for the guests?

@chrisjeanneret5091 9 ай бұрын

My parents rented out their house when we moved 4 hours away. They sold it after a few years after dealing with multiple problems, some routine, some caused by foolishness by the tenant.

@george6977 9 ай бұрын

👍

@chrismartin5870 9 ай бұрын

Regarding renting out a place, what was described was normal, low order nonsense. Wonder if he has his own business? Owning your own business is like what he described x100.

@marianialvaro7603 2 ай бұрын

Assume living in Europe i cannot be a client of pwl

@jorgerangel2390 6 ай бұрын

With all respect I do not think this guy knows what he is talking about, he puts too much value in money and that is sad

@user-xd9xy5yl9l 9 ай бұрын

OMG! What a negative view on everything! Excellent knowledge based on data but used in the wrong direction. For example on bubbles: tell us how to make money in bubbles. When to get in. And the signs telling us to get out. Gave up watching after 25 min.

@rationalreminder 9 ай бұрын

Ya. You won’t like it around here. Good luck.

@jmc8076 7 ай бұрын

Truth and facts aren’t negative they just are. To be successful you need to be know them.

@user-xd9xy5yl9l 7 ай бұрын

@@jmc8076 You are stating the obvious because you missed the point. I found the "truth and facts" in a book about bubbles, which includes talk about the signs when they peak, and also in a classroom at Harvard Business School. They had a one session about characteristics of bubbles and with what percentage accuracy they can be predicted to end within the next 3 years. It was fun. So yes, if you know all this with a greater probability than you know today, it can help a bit in getting more "success". My point is let's understand bubbles better instead of only looking at negatives. Let's learn about the truth and facts through research whose goal is help us. Of course, you can refuse to open your eyes to research. That's your choice. I'll continue to make money on bubbles. Sure, I'll make some mistakes but I'll learn from them and get better. And that, @jmc8076, is a positive approach to bubbles, to truth and facts, and to life.